PRESS RELEASE — London, UK — 27 July 2021: Forecast, the leading AI-native platform for project and resource management, today announced the appointment of Sohaib Abbasi as Chairman. This appointment follows the recent Series A funding round, capping a year of unprecedented revenue growth exceeding 300%.
Abbasi has an illustrious career in the software industry, helping iconic businesses grow from disruptors to industry leaders. Abbasi helped Oracle grow from a 30-person start-up in 1982 to a $9 billion, multinational corporation by 2003. From 2004 to 2015, as Chairman and CEO, he helped grow business five-fold at Informatica, the cloud data management leader.
Abbasi brings a wealth of leadership experience, technology insights and business acumen to help the Forecast leadership team successfully master the next phase of growth.
Sohaib Abbasi said of his appointment:“With a track record of innovation and customer success, Forecast is well-positioned for sustained growth. By unifying information on projects, resources and finances, Forecast is pioneering a new technology category: the system of intelligence for project-based companies. I am thrilled to join the Forecast team on this exciting growth journey“
Dennis Kayser, CEO & co-founder at Forecast said: “We’re delighted to welcome Sohaib to the Forecast team. His incredible experience growing software companies into billion-dollar industry leaders makes him the perfect person to help guide Forecast in our next important stage of rapid scaling. With his guidance, we are well-prepared to build upon last year’s massive growth and to expand our market opportunity through continuous innovation.”